The deal is an exchange of phones which give the users new handsets of their choice in exchange for their old ones at little cost.
The deal has become a popular trend at the market located at the Wuse Zone One part of the federal capital city, with patronage cutting across all ages.
The Abuja GSM Village is a bustling market for sellers of all sorts of phones and phone accessories, alongside artisanal services.
At market on Saturday in Abuja reports that phone users who may not have enough money for new ones prefer the exchange.
“The exchange entails a buyer handing over an old phone to a seller and getting a new or better one in return with just a little money added,’’ Mr Nonso Okoye, a trader at the market, said.
He said those involved preferred the exchange because they usually get the type of phone they wanted without paying the actual worth of it in direct cash transaction.
“Everybody wants to get a better version of handsets, but not everybody has the money to pay for it.
“So, `kankara’ offers the opportunity to get one’s choice phone with a little money.’’
Another trader, Mr Collins Ibe, said sellers at the market usually make good profits from such exchanges as they would normally sell the exchanged phones at higher prices.
He however said they were not giving out phones in exchange without making sure that the profit from the transaction would be worth it.
“A customer may be given a phone whose cost is N35,000 for just N20,000, if he brings a phone that is worth N25,000. By the time I sell his old phone, I would have made a gain of N10,000.’’
Miss Biola Ojo, who was at the market for a “kankara’’ transaction, said she was there because she had used her Curve 2 blackberry handset for too long.
She said she intended to exchange it for an upgraded version of Curve 7.
“The amount I will add to get Curve 7 will depend on how new the one offered to me is,’’ she said.(NAN)
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